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Apr 20, 2010 3:00pm EDT
top-end the market, came out with some big statements on mercedes-benz cars and its stock absolutely rocketed higher. >> exactly. >> on the other end why are you not so interested in jcpenney, incidentally the ceo of that, retailers also talking to maria later. >> well, jcpenney is a fine company, but with that being said, even he said today at their analyst meeting that that middle income consumer's got a lot on their mind right now. they are facing more of the headwinds than the operating income or even the lower income folks are. more likely to have had a house that may be going into foreclosures. they're the ones who are going to have more of the credit card debt where the interest rates have been racked up higher and higher, given that that is the area where i believe is being squeezed the most. so you're going to see the higher end do well, which is one the reasons that i like coach and i also like j. crew and you'll see the lower end do well, and for example -- they own chili restaurants, middle income not doing so hot. in fact their sales if you take everything, af
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